HubSpot (NYSE:HUBS) Earns “Buy” Rating from Needham & Company LLC

HubSpot (NYSE:HUBS)‘s stock had its “buy” rating reaffirmed by analysts at Needham & Company LLC in a research report issued to clients and investors on Friday,Benzinga reports. They currently have a $900.00 target price on the software maker’s stock. Needham & Company LLC’s price objective indicates a potential upside of 49.42% from the stock’s previous close.

Several other research analysts have also recently weighed in on the stock. Royal Bank of Canada upped their price target on shares of HubSpot from $825.00 to $950.00 and gave the company an “outperform” rating in a report on Thursday, February 13th. Citigroup increased their target price on HubSpot from $750.00 to $900.00 and gave the stock a “buy” rating in a report on Tuesday, February 11th. Truist Financial cut their price target on HubSpot from $900.00 to $720.00 and set a “buy” rating on the stock in a report on Wednesday, April 16th. Oppenheimer increased their price objective on HubSpot from $850.00 to $900.00 and gave the stock an “outperform” rating in a report on Thursday, February 13th. Finally, William Blair restated an “outperform” rating on shares of HubSpot in a research note on Thursday, February 13th. Five investment analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $772.56.

HubSpot Stock Performance

Shares of NYSE:HUBS opened at $602.31 on Friday. The company has a 50 day moving average price of $584.93 and a two-hundred day moving average price of $667.48. The company has a market capitalization of $31.70 billion, a PE ratio of 6,693.08, a PEG ratio of 41.44 and a beta of 1.78. HubSpot has a 52 week low of $434.84 and a 52 week high of $881.13.

HubSpot (NYSE:HUBS) last posted its earnings results on Wednesday, February 12th. The software maker reported $0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.18 by ($1.98). HubSpot had a net margin of 0.17% and a negative return on equity of 0.07%. On average, sell-side analysts forecast that HubSpot will post 1.01 earnings per share for the current year.

Insider Transactions at HubSpot

In other news, CEO Yamini Rangan sold 680 shares of the stock in a transaction dated Thursday, April 24th. The shares were sold at an average price of $600.00, for a total value of $408,000.00. Following the completion of the transaction, the chief executive officer now owns 71,693 shares of the company’s stock, valued at approximately $43,015,800. This represents a 0.94 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Brian Halligan sold 8,500 shares of HubSpot stock in a transaction that occurred on Tuesday, April 15th. The shares were sold at an average price of $538.60, for a total transaction of $4,578,100.00. Following the sale, the insider now directly owns 525,687 shares in the company, valued at $283,135,018.20. This trade represents a 1.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 28,562 shares of company stock valued at $18,401,757. Corporate insiders own 4.50% of the company’s stock.

Institutional Investors Weigh In On HubSpot

Several hedge funds have recently modified their holdings of the company. Wilmington Savings Fund Society FSB bought a new position in HubSpot in the third quarter valued at about $25,000. Elequin Capital LP bought a new position in HubSpot in the 4th quarter valued at approximately $27,000. Larson Financial Group LLC boosted its position in HubSpot by 168.8% during the 4th quarter. Larson Financial Group LLC now owns 43 shares of the software maker’s stock worth $30,000 after buying an additional 27 shares during the period. MassMutual Private Wealth & Trust FSB grew its holdings in HubSpot by 73.1% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 45 shares of the software maker’s stock worth $31,000 after acquiring an additional 19 shares during the last quarter. Finally, Coppell Advisory Solutions LLC increased its position in HubSpot by 91.7% in the 4th quarter. Coppell Advisory Solutions LLC now owns 46 shares of the software maker’s stock valued at $32,000 after acquiring an additional 22 shares during the period. Institutional investors and hedge funds own 90.39% of the company’s stock.

HubSpot Company Profile

HubSpot, Inc, together with its subsidiaries, provides a cloud-based customer relationship management (CRM) platform for businesses in the Americas, Europe, and the Asia Pacific. The company's CRM platform includes Marketing Hub, a toolset for marketing automation and email, social media, SEO, and reporting and analytics; Sales Hub offers email templates and tracking, conversations and live chat, meeting and call scheduling, lead and website visit alerts, lead scoring, sales automation, pipeline management, quoting, forecasting, and reporting; Service Hub, a service software designed to help businesses manage, respond, and connect with customers; and Content Management Systems Hub enables businesses to create new and edit existing web content.